In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) goes from the bullish trendline down.
A descent down to the next support line at 0.000093250 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000101930 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000104710 |
| Next High | 0.000101930 |
| Current Price | 0.000092780 |
| Next Low | 0.000093250 |
| 2nd Low | 0.000080050 |
| 3rd Low | 0.000073130 |
0.000101930 – 0.000104710 – 0.000089790 – 0.000093250 – 0.000094250 – 0.000080050
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern